Have you considered a Professional Corporation for licensed San Diego professionals as a business entity option? California has developed a specific corporate entity for medical professionals and other professionally licensed professions in our state. The California Professional Corporation or PC is uniquely designed to protect individual professionals in a practice while providing the veil of a corporate entity.
Starting a Professional Practice in Southern California
If you are planning to start a medical practice, dental practice, architecture or engineering firm we invite you to contact the experienced business formation attorneys at the Watkins Firm and learn about when to use a Professional Corporation in San Diego and the unique protections available through a California PC.
The California Professional Corporation or PC was specifically developed for licensed professionals with an advance degree who practice together, yet retain individual liability. For example, under the protections of the California Professional Corporation individual professionals cannot be held corporately responsible for the negligent actions or liabilities incurred by any other professional in the corporation. The California Professional Corporation for licensed San Diego professionals provides specific advantages to these high earning professionals as well. The PC increases the levels of contribution to retirement vehicles such as a 401(k) and provides the ability to offer and receive tax deductions for many traditional employment related benefits including:
- Health Insurance
- Disability Insurance
- Life Insurance
- Dependent Care
When to Choose a Professional Corporation for Licensed San Diego Professionals
California law limits those who can own a monetary or voting interest in a California Professional Corporation. You must be a licensed professional with an appropriate advance degree in order to become a shareholder, officer or director of the Professional Corporation or PC.
The Watkins Firm has served the professional and medical / healthcare industry in San Diego for decades. We assist with all aspects of business formation and ensure compliance with all federal, state and local laws and regulations including Occupational Safety and Health Administration (OSHA) regulations, the Health Insurance Portability and Accountability Act (HIPAA) and the Sarbanes-Oxley Act. If you are considering the formation of a new professional practice we invite you learn when to use a Professional Corporation for licensed San Diego professionals and the benefits to you individually and to the practice as a whole when you elect to form a California PC. We invite you to review the strong recommendations of our clients and contact the Watkins Firm or call 858-535-1511 for a complimentary consultation today.
